Recently, the Institute of Modern Economic Research released the report "Comparative South Korea and China Parts Competitiveness": "Analysis of the competitiveness of 46 major components from 2000 to last year revealed that 29 of them (63%) were The deterioration rate of Korean manufacturers' competitiveness is higher than that of China, and 19 types (41%) of the seven parts and components industries such as metal materials, general machinery, computer office equipment, electrical machinery, electronics, precision instruments, and transport machinery, etc. , the competitiveness of Chinese products will soon surpass South Korea."
It is learnt that South Korea's export competitiveness to China's parts has been declining. Four out of South Korea's spare parts are facing a situation that will soon be surpassed by China. According to forecasts, out of the 46 parts and components, Korea and China are competing fiercely in 28 species (61%), of which 19 are going to surpass South Korea. The export competitiveness of the two countries increased from 0.36 in 2000 to 0.43 last year. The closer the export competition is to 1, the more similar the export structure of the two countries is.
Researcher Han Zaizhen pointed out: "China has increased the localization target of shipbuilding and machine tools and other key components to 80% during the 12th Five-Year Plan period, and has actively strengthened the competitiveness of domestic components. Now we need to formulate a substantive response plan. Improve the competitiveness of parts and components industries with a high degree of reliance on China's exports.†Experts proposed improving the industrial infrastructure of parts and components, enhancing innovation capabilities, improving the competitiveness of various varieties, and supporting the establishment of free trade agreements (FTA) between South Korea and China. Strategic components industry and other programs.
Despite the increase in the competitiveness of Korea's materials and parts industry, South Korea’s trade with Japan has always been more imports than exports, and the deficit scale has increased from US$19.9 billion in 2007 to US$22.1 billion in 2012. Catching up with Japan remains an arduous task. Subject.
At the same time, South Korea still faces the challenge of China. South Korea has imported more materials and components from China than Japan. The proportion of China rose from 23.8% in 2007 to 26.8% in July 2012. Moreover, the rapid increase in the competitiveness of China's IT parts has posed a threat to South Korea. The report said that China was originally the largest buyer of Korean materials and parts, but it is now the largest seller.
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